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The Partnership: The Making of Goldman Sachs by Charles D. Ellis

The Partnership: The Making of Goldman Sachs Charles D. Ellis ebook
Format: pdf
Publisher: Penguin (Non-Classics)
Page: 745
ISBN: 0143116126, 9780143116127

Goldman Sachs's move stands out because while fine wines have outperformed the stock market in the past 10 years, they've also been prone to fraud. Former Goldman Sachs employee Greg Smith wrote an op-ed in yesterday's New York Times that simmers with pathos. A very succinct explanation of what money markets are was provided by none other than SEC's Luis Aguilar on June 24, 2009, when he was presenting the case for making even the possibility of money market runs a thing of the past. Ellis, Author, "The Partnership: The Making of Goldman Sachs,"; Robert Arvanitis, Principal, Risk Finance Advisors; Ron Papanek, Head of RiskMetrics Labs, RiskMetrics Group. It was a partnership of professionals then, not a publicly traded corporation, and the partners' wealth was largely invested in the firm. Greg Smith's tell-all about Goldman Sachs tells us little about Goldman Sachs except for Smith's frustration with it. Jon Corzine and Hank Paulson were number one and two at Goldman Sachs (GS) in 1994, replacing Steve Friedman who left from exhaustion. Cader was sued in April by hedge-fund manager Warren Lichtenstein, the chairman of New York-based Steel Partners LLC, who claimed Cader helped wrongly inflate child support payments for the mother of Lichtenstein's 5-year-old daughter. Smith describes the devolution of the culture at at Goldman Sachs, John Weinberg headed the firm. €�To put the problem in the simplest terms, the interests of the client continue to be sidelined in the way the firm operates and thinks about making money.